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Kazakhstan raises excise tax on gasoline

Finance Materials 2 January 2020 10:34 (UTC +04:00)
Kazakhstan raises excise tax on gasoline

BAKU, Azerbaijan, Jan. 2

By Fakhri Vakilov - Trend:

Kazakhstan's government has increased excise rates on gasoline (excluding aviation fuel) and diesel fuel from January 1, 2020, Trend reports citing Kazakh media.

The corresponding decree was adopted by the government on December 13, 2019.

Thus, the excise tax on wholesale sales of gasoline by manufacturers increased from $27.4 per ton to $63.7 per ton, and on retail sales to gasoline producers from $28.7 to $65.

Previously, the head of the Ministry of National Economy, Ruslan Dalenov, stated that the government from December 1, 2019 planned to increase the excise tax on gasoline due to increased social spending of the state.

“Today in there is an excise tax of only 2 cents on every liter of gasoline. An excise tax increase of another 2 cents per liter is being discussed, ” Dalenov told reporters at the time.

Kazakhstan in December 2018 increased the excise tax on imported fuel by 2.3 times - from $11.7 to $27.4 per ton.

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